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Walmart's logo is seen outside one of the stores ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. The merchandise mix Walmart (WMT.N) will carry rests not purely on retail executives' judgment but rather on software it developed around 2019. Its machine-learning algorithm relies on weather patterns and each store's past sales data to predict inventory needs of its more than 4,700 U.S. locations, a Walmart tech executive told Reuters. Walmart executives say it is aided by its large tech team in India, spanning three cities and employing 11,500. Software directs Walmart workers to use the quickest route while assembling online orders for pickup and delivery, Vasudev said.

Persons: Kamil Krzaczynski, D.A, Davidson, Michael Baker, Doug McMillon, Thomas Hayes, Hari Vasudev, Vasudev, David Klink, Huntington, Nandan Mandayam, Siddharth Cavale, Mark Porter Organizations: REUTERS, Walmart, Reuters, Target, Shoppers, Amazon, New, Great, U.S, Walmart's India, Software, Workers, Hunting Private Bank, Thomson Locations: Chicago , Illinois, U.S, United States, Bentonville , Arkansas, New York, India, Bengaluru, Target's, Walmart's

☆ A long list of tech companies are rushing to give themselves the right to use people's data to train AI
▼ + stars: | 2023-09-13 | by ( Kali Hays | ) www.businessinsider.com time to read: +8 min

More companies are quietly updating privacy policies to use collected user data to train AI models. More companies have been trying to do what they can to stop their data from being scraped and saved to expand datasets needed to train AI models. Microsoft's updated Terms , for which it highlighted changes going into effect Sept. 30, added a new five-point section on AI Services. The other four points cover Microsoft disallowing any use of its AI services for other AI tools. At the end of August, it created a simple form where users could "request" to opt out of their data being used to train AI models.

Persons: Zoom, Bard, hasn't, OpenAI, Instacart, they're, Elon Musk, Meta Organizations: Service, Microsoft, Meta, OpenAI, Services, Google, Elon, Facebook Locations: Wall, Silicon, Instacart's

Reliance Retail is India's largest retailer and is led by Asia's richest person Mukesh Ambani. Of that, QIA last month announced a $1 billion investment and KKR & Co (KKR.N) this week $250 million. Reliance sold a 10.09% stake in its retail unit in 2020, valuing it at 4.68 trillion rupees ($56.4 billion). When ADIA invested in Reliance Retail in 2020, it said it was part of its strategy of targeting market leading businesses in Asia linked to the region's consumption-driven growth. Reliance Retail reported a consolidated net profit of 91.81 billion rupees ($1.11 billion) for the financial year that ended in March 2023, on revenue of 2.6 trillion rupees.

Persons: Singapore's GIC, Mukesh Ambani, QIA, ADIA, PIF, Marks, Spencer, Ambani, Sriram, Aditya Kalra, Yantoultra Ngui, Alexander Smith Organizations: Reliance, Asia's, Reuters, KKR, Co, Abu Dhabi Investment Authority, Saudi Arabia's Public Investment Fund, Reliance Industries, Reliance Retail, Unilever, Thomson Locations: MUMBAI, DELHI, DUBAI, Singapore, Abu Dhabi, Saudi Arabia, GIC, Asia

☆ Instacart CEO Fidji Simo will have stock worth a minimum of $13.4 million when the delivery company goes public, while the company's shoppers just got their minimum pay slashed to $4 per order
▼ + stars: | 2023-09-12 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Instacart CEO Fidji Simo's shares of the company are set to be worth at least $13.4 million once it goes public. Instacart's shoppers make as little as $4 per batch in base pay after the company cut the minimum in July. As with many IPOs, that price range could change before the company goes public. Along with some shares she previously owned, that brings Simo's total to 515,647 shares she is expected to hold after Instacart goes public. AdvertisementAdvertisementSimo could also receive an additional 900,000 shares of Instacart stock in the coming years if the company's market capitalization reaches certain goals.

Persons: Fidji Simo's, Instacart, Fidji Simo, Simo Organizations: Service, SEC Locations: Wall, Silicon

☆ Criteo sees a $42 billion opportunity from retail media, but must solve a challenge that could cut those revenues by 20%
▼ + stars: | 2023-09-12 | by ( Ryan Joe | ) www.businessinsider.com time to read: +2 min

Criteo is eyeing a $42 billion slice of the retail media market. A glut of retail media networks could reduce that $42 billion retail media opportunity by 20%. Criteo said that this type of "fragmentation" could cause retail media revenues to drop 20%. He said brands will often buy across three or four individual retail media networks, which means smaller retail media networks can struggle to attract advertising dollars. The Trade Desk's CEO Jeff Green has previously announced his ambition to control "most" of the retail media market and it has aggressively sought partnerships to prove that retail ads drive sales, to inspire more advertisers to buy retail media.

Persons: Criteo, Let's, Brian Gleason, Megan Clarken, You've, Andrew Lipsman, Lipsman, Jeff Green Organizations: Boston Consulting, Amazon, New York City, Intelligence, Trade Locations: China —, New York

☆ Walmart customers either hate or love the chain's new shopping carts. We tried one out, and it's clear why they are so polarizing.
▼ + stars: | 2023-09-12 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

Walmart's new taller shopping cart design features a cupholder and a slot for phone or grocery list. Sam's Club and Costco shoppers might recognize the cart's side profile, though this one is narrower. Sam's Club and Costco shoppers might recognize the cart's side profile with its low basket and high seat. The main difference is the narrower, single-seat design, while the warehouse club carts accommodate two children. Target's shopping carts also feature a nice phone tray and cupholder.

Persons: Kelsey Bohl, Dominick Reuter, hadn't, Maddy Charlson, TikToker Tyler Paboucek Organizations: Sam's, Costco, Service, Walmart Locations: Wall, Silicon, Mayfield , Kentucky, Madison , Wisconsin

Instacart also sells ad space on its site, including to Pepsi and Kellogg's, which want to promote products online. Instacart, valued at $9.3 billion, said its grocery orders remained flat for the first six months of 2023 at 132.9 million compared to the year-ago period, Securities and Exchange Commission filings showed. Gross transaction value rose 4% to $14.94 billion over the same period, while ad revenue grew 24% to $406 million from $327 million. Gross profit grew faster than gross transaction value for products sold on Instacart, including merchandise, taxes and fees. Some advertisers may not be as worried about Instacart's slowed order growth, said Nikhil Raj, retail media business lead at ad solutions firm Moloco.

Persons: Eric Cohn, Cheney Orr, Instacart, Fidji Simo, Andrew Lipsman, there's, Lipsman, Gross, Instacart's, Nikhil Raj, Raj, Arriana McLymore, Richard Chang Organizations: Safeway, REUTERS, Pepsi, Securities, Exchange, Insider Intelligence, SEC, Thomson Locations: Tucson , Arizona, U.S, San Francisco, New York

☆ Instacart clarifies its Snowflake payments in updated IPO prospectus after clash with Databricks
▼ + stars: | 2023-09-11 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

Instacart filed an updated IPO prospectus Monday and clarified how its contract works with data storage and analytics company Snowflake , after the initial filing appeared to show a dramatic decline in spending on Snowflake's technology. The apparent slippage led to confusion and spurred employees at rival Databricks to suggest online that it was picking up that business. "These cash payments, including the payments we made in 2022, generally represent prepayments for future services which, in many cases, span multiple fiscal periods," Instacart wrote. For both 2021 and 2022, Instacart said it incurred operating expenses tied to the cloud technology of $28 million. Instacart isn't required to disclose its relationship with Databricks, but both companies published recent posts about the implementation on their websites.

Persons: Instacart, Snowflake, Frank Slootman, Databricks, it's Locations: Databricks

The private equity firm's follow-on investment translates into an additional equity stake of 0.25% in Reliance Retail on a fully-diluted basis, taking KKR's total equity stake in the Indian company to 1.42%, the retailer said in a statement on Monday. That year, KKR had invested 55.5 billion rupees ($669.65 million) in Reliance Retail. Morgan Stanley acted as financial adviser to Reliance Retail. Ambani said in 2019 that the group planned to list the retail business in five years. Reliance Retail reported a consolidated net profit of 91.81 billion rupees ($1.11 billion) for the financial year that ended in March 2023, on revenue of 2.6 trillion rupees.

Persons: Maggi, Niharika Kulkarni, Mukesh Ambani's, Jimmy Choo, Spencer, Pret, Ambani, Morgan Stanley, Aditya Kalra, Toby Chopra, Tomasz Janowski, Deepa Babington Organizations: REUTERS, KKR, Co Inc, Retail Ventures, Reliance, Reliance Retail, Saudi Public Investment Fund, General Atlantic, United Arab, Asian, IV, Reuters, Qatar Investment Authority, Unilever, Thomson Locations: Mumbai, India, DELHI, United Arab Emirates

☆ Insider Today: Automating away CEOs
▼ + stars: | 2023-09-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

Today is always a difficult day, particularly here in New York, as we remember the innocent lives lost 22 years ago. But the group that seems immune to those concerns — CEOs — is primed for being usurped by robots, writes Ed Zitron. Ed's argument is straightforward: CEOs get paid a lot despite not providing much value for their companies. For all the talk of CEOs being transformational leaders full of business ingenuity, many are nothing more than figureheads. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: Rick Rescorla, Morgan Stanley, Rescorla, — Dan DeFrancesco, Arantza Pena Popo, —, Ed Zitron, Ed, they're, STAN HONDA, Bill Ackman, foresees, Elon Musk's, Sam Altman, Kevin Dietsch, Ryan Petersen, Flexport's, Apple's, Microsoft's, Chris Williams, he's, Joe Biden, Damar Hamlin, Joe's, Wilson, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, TED, LinkedIn, nab, Bank, America, Wynn Resorts, Broadcom, Sun, Pentagon, & Museum, The New York Jets, Buffalo Bills, Bills, Oracle, Bovis Homes Locations: Wall, Silicon, New York, China, Alaska, Savanna, New York City, San Diego, London

☆ Grocery delivery app Instacart aims for up to $7.7 bln valuation in US IPO
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

As the Federal Reserve raised borrowing costs to tame inflation, several high-flying startups have had to raise funds at lower valuations. Instacart too has had to cut its internal valuation to as low as $10 billion in December in its long walk toward a Nasdaq debut. Instacart would join SoftBank's (9984.T) chip designer Arm and marketing automation firm Klaviyo, which are also gearing up for market debuts in September. Instacart and its selling shareholders are looking to raise up to $616 million by offering 22 million shares priced between $26 and $28 each, it said in a regulatory filing. Reporting by Niket Nishant and Manya Saini in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Goldman Sachs, Niket Nishant, Manya, Arun Koyyur Organizations: Federal Reserve, Nasdaq, Reuters, Instacart, Fed, Cornerstone, Norges Bank Investment Management, Norges Bank, Sequoia Capital, D1 Capital Partners, Valiant Capital Management, Manya Saini, Thomson Locations: United States, San Francisco, U.S, Ukraine, TCV, Sequoia, Bengaluru

☆ Instacart to target valuation of up to $9.3 billion in IPO, source says
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Cheney Orr Acquire Licensing RightsSept 10 (Reuters) - Grocery delivery service Instacart is targeting a valuation between $8.6 billion and $9.3 billion in its initial public offering, according to a person familiar with the matter. The valuation range will be disclosed in an updated IPO regulatory filing on Monday, the source said on SundayInstacart declined to comment. The Wall Street Journal was the first to report on Sunday on Instacart's IPO valuation target. Unlike an IPO, no shares are sold in advance in a direct listing and investors can sell their shares directly to the public. For the six months ended June 30, Instacart last month reported revenue of $1.48 billion, up 31% from the same period last year.

Persons: Eric Cohn, Cheney Orr, Instacart, Andreessen Horowitz, Rowe Price, Anirudh Saligrama, Manya Saini, Niket, Echo Wang, Cynthia Osterman, Leslie Adler Organizations: Safeway, REUTERS, Arm Holdings Ltd, Reuters, Sequoia Capital, Fidelity Management & Research, Thomson Locations: Tucson , Arizona, U.S, Bengaluru, Echo, New York

☆ Instacart to target valuation of up to $9.3 bln in IPO -source
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +1 min

Sept 10 (Reuters) - Grocery delivery service Instacart is targeting a valuation between $8.6 billion and $9.3 billion in its initial public offering, according to a person familiar with the matter. The valuation range will be disclosed in an updated IPO regulatory filing on Monday, the source said on SundayInstacart declined to comment. The Wall Street Journal was the first to report on Sunday on Instacart's IPO valuation target. The targeted valuation is a steep drop from the firm's $39 billion valuationin 2021, when the coronavirus pandemic was raging and doorstep delivery boomed. Like SoftBank's chip designer Arm Holdings Ltd and marketing automation firm Klaviyo, Instacart is expected to list its shares in September - part of a wave of high-profile names testing investor appetite for new listings.

Persons: Instacart, Anirudh Saligrama, Manya Saini, Niket, Echo Wang, Cynthia Osterman, Leslie Adler Organizations: Arm Holdings Ltd, Thomson Locations: Bengaluru, Echo, New York

☆ Instacart aiming for valuation of $8.6 billion to $9.3 billion in IPO, reports say
▼ + stars: | 2023-09-10 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

The grocery delivery company Instacart is aiming to go public at a valuation between $8.6 billion and $9.3 billion, according to reports. Instacart is expected to officially disclose its expected valuation range on Monday, a person familiar with the matter told Reuters. As public stocks dipped around March of last year, Instacart cut its valuation from $39 billion to $24 billion. According to the company, Instacart shoppers and drivers deliver goods in over 14,000 cities from more than 80,000 grocers and other stores. The grocery delivery service will join other gig economy companies like Uber , Airbnb , Lyft and DoorDash on the public market.

Persons: Instacart, haven't, Japan's SoftBank, Uber, Goldman Sachs, CNBC's Hayden Field Organizations: Reuters, Nasdaq Locations: Instacart

☆ AI for cars: An excerpt from Walter Isaacson's new biography of Elon Musk
▼ + stars: | 2023-09-09 | by ( Walter Isaacson | ) www.cnbc.com time to read: +7 min

The "neural network planner" that Shroff and others were working on took a different approach. Faced with a situation, the neural network chooses a path based on what humans have done in thousands of similar situations. By early 2023, the neural network planner project had analyzed 10 million clips of video collected from the cars of Tesla customers. By mid-April 2023, it was time for Musk to try the new neural network planner. "Oh, wow," he said, "even my human neural network failed here, but the car did the right thing."

Persons: Elon Musk, Mozart, Mark Zuckerberg, Dhaval Shroff, OpenAI, Musk, Shroff, Alan Turing, Uber, James Bond, Ashok Elluswamy Organizations: Tesla, Computing Machinery, Intelligence, Palo Locations: Palo Alto, Buffalo , New York

☆ How to make $10,000 a month on OnlyFans or more, according to creators
▼ + stars: | 2023-09-08 | by ( Marta Biino | ) www.businessinsider.com time to read: +4 min

OnlyFans has become a go-to platform for creators, particularly in the sphere of adult content. From DMs to personalized content, here's how creators make $10,000 a month or more on OnlyFans. Ami Gan, the company's former CEO, said in October 2022 that OnlyFans had paid out $10 billion to creators since its founding in 2016, and that the platform had over 2 million creators. Promo "shoutouts": Creators rely on marketing tactics to get new customers, like buying and selling "shoutouts" from each other to advertise on OnlyFans and on other social-media platforms. Read more about the lucrative business of selling promotional "shoutouts" on OnlyFansHow 8 OnlyFans creators built their incomes to over $10,000 per month:How 3 OnlyFans creators are making over $100,000 per month:

Persons: OnlyFans, Ami Gan, Morgan Edwards, Edwards, Kitty K, Jade Nicole, Amber Sweetheart, Riley Reid, Reid, Read Organizations: Service, shoutouts Locations: Wall, Silicon

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. Barclays (BARC.L), Goldman Sachs (GS.N), JPMorgan Chase (JPM.N), and Mizuho Financial Group (8411.T) are the lead underwriters for the offering. Goldman Sachs, Morgan Stanley and Citigroup are lead underwriters on the offering, the company said in its filing. Its shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "KVYO". Citigroup, Morgan Stanley, UBS, and Bank of America are underwriters of the IPO, according to the filing.

Persons: Carlo Allegri, T Rowe Price, Goldman Sachs, JPMorgan Chase, Instacart, Fidji Simo, confidentially, Klaviyo, Morgan Stanley, Chibuike Oguh, Lance Tupper, Michelle Price, Aurora Ellis Organizations: New York Stock Exchange, REUTERS, Arm Holdings, Japan's Softbank, U.S . Securities, Exchange Commission, SEC, Apple, Nvidia, Devices, Intel, Samsung Electronics, AMD, Samsung, Taiwan Semiconductor Manufacturing Company, Barclays, JPMorgan, Mizuho Financial Group, underwriters, Nasdaq, Norges Bank Investment Management, Norges Bank, Sequoia Capital, D1 Capital Partners, Valiant Capital Management, Facebook, Reuters, Summit Partners, Citigroup, VNG Corp, HK, Temasek, UBS, Bank of America, Thomson Locations: New York, U.S, Russia, Ukraine, Baltimore, TCV, Sequoia, Canadian, United States, Chi Minh City, Singapore

☆ Walmart cuts starting pay for new hires who prepare online orders, stock shelves
▼ + stars: | 2023-09-07 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

A worker stocks the shelves at a Walmart store on January 24, 2023 in Miami, Florida. Walmart announced that it is raising its minimum wage for store employees in early March, store employees will make between $14 and $19 an hour. Walmart has cut starting pay for new store employees who pick and pack online orders and stock shelves, raising questions of whether companies face a cooling labor market or are adjusting to a return to pre-pandemic shopping habits. New Walmart employees who join the digital or stocking teams now make about a dollar-an-hour less than they would have if hired several months ago. In a statement, Walmart said it made the change so its starting pay was consistent, whether a store employee worked at the cashier, stocked shelves or helped with online orders.

Persons: Anne Hatfield, Hatfield, John Furner, That's Organizations: Walmart, Amazon, Wall Street, Walmart U.S Locations: Miami , Florida, U.S, Target

☆ Walmart changes starting pay structure for entry-level store workers
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Kamil Krzaczynski Acquire Licensing RightsCompanies Walmart Inc FollowSept 7 (Reuters) - Walmart (WMT.N) is changing the hourly starting wage structure for entry-level store workers, as companies seek to reduce costs in a slowing job market. Deli, auto center and bakery workers will continue to receive higher starting wages as they are higher-skilled roles, she added. The Wall Street Journal, which was the first to report the wage structure changes that went into effect in mid-July, said the changes mean paying some new store workers less than it would have three months ago, citing documents seen by the Journal and store workers. Walmart pays its employees different starting wages based on where the store is based. The new wage structure will not change Walmart's minimum hourly wage of $14 or result in any pay cuts for existing employees, the spokesperson said.

Persons: Kamil Krzaczynski, Anne Hatfield, Hatfield, Walmart's, Ananya Mariam Rajesh, Siddharth Cavale, Maju Samuel, Frances Kerry Organizations: REUTERS, Walmart, Street, Journal, Midwest, Reuters, Thomson Locations: Chicago , Illinois, U.S, United States, Bengaluru, New York

☆ India's Paytm launches $12 'soundbox' that accepts card payments
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] Paytm app is seen on a smartphone in this illustration taken, July 13, 2021. Paytm, which competes with players such as Google Pay and Walmart's PhonePe in India, rose to fame as digital payments gained traction after India banned some high-value currency notes in 2016. Every segment of merchants, from vegetable vendors to big showrooms, have started accepting digital payments. "We have found that merchants and consumers need card acceptance as simply as mobile payments with Paytm QR Code," Vijay Shekhar Sharma, founder and CEO of Paytm said in a statement on Monday. Pine Labs had said their "price-friendly product" was expected to boost digital payment adoption in India.

Persons: Dado Ruvic, Vijay Shekhar Sharma, Paytm, PhonePe, Eileen Soreng Organizations: REUTERS, Rights, Monday, Visa, Mastercard, American Express, Pine Labs, Google, QR, Labs, Companies, Sethuraman, Manvi, Thomson Locations: India, Manvi Pant, Bengaluru

☆ Instacart's IPO filing sparked an online spat between cloud rivals Snowflake and Databricks
▼ + stars: | 2023-09-02 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

One of Instacart's board members is Frank Slootman, the CEO of Snowflake , a publicly traded company that helps businesses store and manage hefty workloads in the cloud. Slootman joined Instacart's board in 2021 and, because of that relationship, the company has to disclose its business ties to Snowflake. In May, the company published a blog post titled "How Instacart Ads Modularized Data Pipelines With Lakehouse Architecture and Spark." The post, which described software underpinning Instacart's ads infrastructure, included discussion of a migration to Databricks' Lakehouse technology and the cost savings that followed. Representatives from Instacart, Snowflake and Databricks declined to to comment.

Persons: Frank Slootman, Slootman, Instacart, Snowflake, Databricks pounced, Databricks, You've Organizations: Inc, New York Stock Exchange, Employees, Twitter Locations: Snowflake, Instacart

☆ A sales tax snafu at Walmart meant customers were charged twice
▼ + stars: | 2023-09-02 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Walmart accidentally taxed some Alabama customers twice after its system mixed up a tax change. Alabama's sales and use tax base rate on food, which is added to varying local tax rates, was cut from 4% to 3% on Friday. In a statement to NBC 15 News, Walmart confirmed that some of its customers and Sam's Club members had been charged two rates of tax. AdvertisementAdvertisementCustomers are being encouraged to go to Walmart stores to receive a refund for the higher tax rate. It's not the first time a sales tax change has caused havoc in Walmart stores.

Organizations: Walmart, Service, NBC, Sam's Club Locations: Alabama, Wall, Silicon

☆ The divide between retail's winners and losers will be stark this back-to-school season
▼ + stars: | 2023-09-01 | by ( Pia Singh | ) www.cnbc.com time to read: +7 min

Back-to-school spending is expected to reach a record-high of $41.5 billion, according to the National Retail Federation's annual survey . The trends suggest certain retailers will fare better than others, with analysts favoring these stocks for back-to-school. According to a Stifel survey, retro basketball styles from Nike were the most popular choice for back-to-school this year. "These retailers have invested significantly in their private label assortments in recent years and continue to grow penetration," Jefferies analysts wrote in an Aug. 28 note. That could be a warning sign for the holidays as many investors look to back-to-school sales to set the tone for the winter season.

Persons: Morgan Stanley, Jefferies, Doug McMillon, Amazon's, Homegoods, Abercrombie —, Abercrombie, Locker, Stifel Organizations: National, Jefferies, Walmart, Target, Costco, Dollar, Ikea, P, Abercrombie, Fitch, American Eagle Outfitters, Barn Holdings, Nordstrom, Nike, FactSet Locations: U.S, Hollister, Thursday's, Banana

That implies a potential $2.5 billion investment will be equivalent to a 2.5% stake in the company. "Several marquee global strategic and financial investors have shown strong interest in Reliance Retail. Ambani said in 2019 that the group planned to list the retail business in five years. Reliance Retail has more than 18,000 retail outlets, but also a growing e-commerce operation where it competes with the likes of Amazon (AMZN.O) and Walmart's (WMT.N) Flipkart. Reliance Retail reported a consolidated net profit of 91.81 billion Indian rupees ($1.11 billion) for the financial year that ended in March 2023, on revenue of 2.6 trillion rupees.

Persons: Ambani, Mukesh Ambani's, Reliance, Morgan Stanley, QIA, Ambani's, Isha Ambani, Aditya Kalra, Scott Murdoch, Sriram, Munsif Vengattil, Susan Fenton Organizations: Retail Ventures, Reuters, Qatar Investment Authority, India's, Burberry, Reliance, Reliance Retail, KKR, Saudi Public Investment Fund, General Atlantic, United Arab, Unilever, Thomson Locations: SYDNEY, Qatar, U.S, China, United Arab Emirates, New Delhi, Sydney, Mumbai

☆ TikTokers are calling out DoorDashers using others people's accounts. 'You open the door for Ebony, and Ebony actually happens to be Steve, that's not okay!'
▼ + stars: | 2023-08-31 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Gig workers share accounts on other apps, including Instacart and Walmart's Spark. In many cases, the delivery workers appear to be using accounts set up by friends, partners, or other real people. DoorDash told Insider that it verifies its drivers' identities using a government-issued photo ID card and a selfie that each driver uploads. AdvertisementAdvertisementDoorDash has a "zero-tolerance" policy for users who share accounts with other people, it told Insider. Gig workers share accounts on other delivery apps, too.

Persons: llzklifestyle, Ebony, that's, shamarkanderson, Abby, DoorDash, Uber, Instacart Organizations: Service, Workers, DoorDash, Instacart, Spark, Walmart Locations: Wall, Silicon

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